A DECADE OF SQUANDERED OPPORTUNITY by JM

JM’s Budget
Colloquy comprises a series of Posts which ran during the summer, 2015. The Colloquy traces the origins of the Province’s current fiscal crisis and offers suggestions as to
how we might address a situation threatening our society’s
economic viability.

Using a
decade of Budget data, readers are treated to an explanation of the exigencies
of our financial woes through careful explanation, graphs, and exhibits.  The “numbers” are digested in a way intended
to assist the lay person to comprehend what is often an obscure and arcane subject.

The seven “summer” Posts have been combined with JM’s two most recent; giving both preface
and postscript to this extraordinary work. The title “A Decade of Squandered Opportunity”
serves as a warning, as much as conclusion.


While the Budget Colloquy offers solid economic research and analysis it has a political
context, too. In particular, JM identifies the economic debacle as the real
legacy of the Danny Williams’ era. His insights have the benefit of
one conflicted neither by partisanship nor position.  In this Province, that is truly a rare find. – Des Sullivan

Why There Must Be a Referendum on Churchill Falls MOU‑2

We must not allow our politicians to rush us into another bad deal on Churchill Falls. That is precisely why a referendum is necessary. Think about it.

NL to Receive $1 Value Out of Every $100 for Churchill Falls Water

Dr. May estimates that, in 2027, the water is worth around $2.46 billion. However, under the new MOU (DCIA) between Newfoundland and Labrador and Quebec, the Newfoundland and Labrador Treasury will receive roughly $28 million—only about $1 out of every hundred dollars. Remember this is not phantom money! This is resource revenue that represents support for public services such as schools, hospitals, and infrastructure.

In MOU2 Carney is Aiding NL’s Capitulation to Quebec’s Long‑Standing East‑West Energy Monopoly

What’s unfolding in the Quebec-NL MOU2 is not cooperation, not partnership, not “nation‑building,” and certainly not the energy vision that Prime Minister Mark Carney...

2 COMMENTS

  1. Just skimmed through this long read. Excellent analysis. Will need to read the full piece again. A must read for anyone with concern of where our province is headed with our higt debt load. As one long interested in the hardships of our Depression era of the 1930s, and how it came about, and how our ancestors survived on the `dole`, this is clearly not a time to avoid taking this matter of increasing high debt lightly.
    Winston Adams Logy Bay